Bring Home The Bacon?
Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.
Although March bellies
(
PBH1 |
Quote |
Chart |
News |
PowerRating) closed poorly on Friday, they still look
like they have the potential to resume their strong uptrend. Look for a buying opportunity
here but wait for follow through to the upside.
May cocoa
(
CCK1 |
Quote |
Chart |
News |
PowerRating) appears to be resuming its strong uptrend. Look for a
buying opportunity here.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!